MUMBAI (Reuters) – Indian has restricted sugar exports for the first time in six years to prevent a surge in domestic prices and asked traders to secure permission for overseas sale of the sweetener from June 1 to Oct. 31, the government said in a notification on Tuesday.
Trade and government officials earlier said India could restrict sugar exports, potentially capping this season’s exports at 10 million tonnes.
(Reporting by Rajendra Jadhav and Mayank Bhardwaj; Editing by Chris Reese)
